Turn a fixer-upper into fantastic with our FHA Rehab Loan
FHA 203(k) FIXED RATE REHAB
An FHA 203(k) Rehab loan enables you to buy a home that’s in need of repairs or renovations by providing additional funding before move-in. AllFunded Mortgage offers two Rehab loan products: Standard for remodeling and repairs, and Limited for minor remodeling and non-structural repairs.
FEATURES AND BENEFITS
Credit scores from 620 are allowed.
You are required to finance at least $5,000 of renovation/repair work.
Fixed-rate, 30-year loans keep your monthly budgeting simple.
Eligible properties include single-family homes, 2-4 unit properties, modular homes and Planned Unit Development (PUD) properties.
An FHA Rehab’s total loan amount depends on several factors, including your home’s “as completed” appraised value after renovations.
LET US GUIDE YOU HOME
AllFunded Mortgage is committed to assisting more borrowers with achieving their dreams of home ownership by providing affordable, personalized lending solutions. Your local AllFunded Mortgage Loan Consultant can help you apply for financing and answer all of your questions.